The Dunalley Canal will add an interesting aspect to the race this year. It will extend its opening hours to 4am to midnight especially for the race. Phil left Coles Bay at 6pm; given a reasonable breeze he should make Marions Bay by 10pm and then it's another couple of hours through the channel - so it might be tight but he will probably make it through. Or, the wind could change, or drop out, and he'll be stuck in there til 4am.
Terry's team will be hoping Phil is holed up at the bridge so they can sail their way in there and catch up; it will then be a "drag race to Hobart" according to Peter Fletcher. Fletch seemed to think that rounding Tasman Island would not be the go no matter what time they arrived at Marion's Bay, but surely even adding 35nm would be preferable to waiting four hours?
The other teams probably won't need to make the choice as it will be after 4am when they reach Dunalley, unless the wind suddenly picks up considerably.
The lights of fully-crewed monohull Apollonius have just appeared around the coastline, so they should be less than an hour from race control.